NO.PZ2023021602000024
问题如下：
During an on-site company visit, Marsha Ward, CFA, accidentally overheard the chief executive officer of Stargazer, Inc. discussing the company's tender offer to purchase Dynamica Enterprises, a retailer of Stargazer products. According to the CFA Institute Standards of Professional Conduct, Ward most likely cannot use the information because:
选项：
A.it was overheard and might be considered unreliable.
B.she does not have a reasonable and adequate basis for taking investment action.
C.it relates to a tender offer.
解释：
Trading on the information is restricted given that it relates to a tender offer; it is clearly material, nonpublic information as stated in Standard II(A).特别是c选项，不太理解什么意思
